Tuesday, January 9, 2007

States Back Enron Shareholders Seeking Damages from Banks

Washington (AP) -- Thirty states have taken the side of Enron Corp. shareholders seeking damages from big investment banks in a federal case over the banks' alleged role in Enron's accounting fraud.The states' move puts them at odds with a legal stance the Securities and Exchange Commission staff had considered taking in support of one of the banks, Merrill Lynch & Co., but appears now to have

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